(A) Real property tax on the proposed Keystone Opportunity Expansion Zone (KOEZ) is 100% exempt in accordance with the provisions and limitations hereinafter set forth in accordance with the Keystone Opportunity Improvement Zone Act (the Act), being 73 P.S. § 820.101, such exemption to begin on January 1, 2014 and to terminate December 31, 2023 (a ten-year period).
(B) The township also waives business gross receipts tax for operations conducted by a qualified business; earned income received by a resident and/or net profits of a qualified business received be a resident or nonresident; and/or net profits of a qualified business received by a resident or nonresident of the proposed KOEZ attributable to business activity conducted with said zone and benefits to begin on January 1, 2014 and to terminate on December 31, 2023 (a ten-year period).
(C) The provisions of the Act not herein enumerated shall, nevertheless, be incorporated as part of this section by reference.
(Ord. 2013-4, passed 8-27-2013)